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The Israeli pound (לירה ישראלית, "lira yisraelit") was the currency of the State of Israel from June 1952 until it was replaced with the shekel on 24 February 1980. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "IL". [ 8 ]
Israeli currency may refer to these items: Israeli new shekel, used from 1985 to the present; Old Israeli shekel, used from 1980 to 1985; Israeli pound, used from 1948 to 1980; Shekel, used by the United Monarchy of Israel and the Kingdom of Israel, as well as during the Great Revolt
A passbook issued before the official adoption of prutot, and denominated in pounds and mils. The pound or lira (Hebrew: לירה ישראלית Lira Yisra'elit, Arabic: جنيه إسرائيلي Junayh ʾIsrāʾīlī; abbreviation: IL [1] in Latin, ל"י in Hebrew; code ILP) was the currency of the State of Israel from 9 June 1952 until 23 February 1980.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
The old Israeli shekel, , in circulation between 1980 and 1985, had a different symbol, which was officially announced on 18 March 1980. [3] Before the introduction of the old shekel in 1980, there was no special symbol for the Israeli currency. It was a stylized Shin shaped like a cradle (i.e. rounded and opening upward).
The old Israeli shekel, then known as the shekel (Hebrew: שקל, formally sheqel, pl. שקלים, Sheqalim; Arabic: شيكل, šēkal, formerly Arabic: شيقل, šēqal until 2014; code ILR), was the currency of the State of Israel between 24 February 1980 and 31 December 1985.
The first currency used in Israel was the Anglo Palestine Pound which was in use between 1948 - 1951 and that was followed by Bank Leumi Le Israel up until 1955 when it was replaced by the Lira.. The Lira was used up until 1980 when the Shekel was introduced and in 1985 as a result if high inflation they changed to the New Shekel which allowed ...
The Bank of Israel was founded on 24 August 1954, when the Knesset passed the Bank of Israel Law, which ceded the currency issuing and regulatory functions of the Ministry of Finance to the newly formed bank. Control over foreign currency exchange was not given to the bank until 1978.